William Blair started coverage on shares of Gilat Satellite Networks (NASDAQ:GILT – Free Report) in a research report sent to investors on Thursday morning, MarketBeat Ratings reports. The firm issued an outperform rating on the communications equipment provider’s stock.
Other equities analysts have also recently issued reports about the stock. Needham & Company LLC restated a buy rating and issued a $8.50 price target on shares of Gilat Satellite Networks in a research report on Thursday, August 8th. StockNews.com downgraded Gilat Satellite Networks from a strong-buy rating to a buy rating in a report on Wednesday, June 19th.
Check Out Our Latest Research Report on GILT
Gilat Satellite Networks Stock Down 1.8 %
Gilat Satellite Networks (NASDAQ:GILT – Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The communications equipment provider reported $0.10 EPS for the quarter. Gilat Satellite Networks had a return on equity of 8.23% and a net margin of 6.80%. The firm had revenue of $76.63 million for the quarter.
Institutional Trading of Gilat Satellite Networks
A number of institutional investors and hedge funds have recently added to or reduced their stakes in GILT. AWM Investment Company Inc. acquired a new stake in shares of Gilat Satellite Networks during the first quarter worth $4,201,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Gilat Satellite Networks during the 2nd quarter worth about $3,000,000. Foundry Partners LLC bought a new position in shares of Gilat Satellite Networks in the 1st quarter worth about $3,521,000. Marshall Wace LLP lifted its stake in shares of Gilat Satellite Networks by 410.2% in the 2nd quarter. Marshall Wace LLP now owns 129,259 shares of the communications equipment provider’s stock valued at $578,000 after purchasing an additional 103,924 shares during the period. Finally, Tidal Investments LLC bought a new stake in shares of Gilat Satellite Networks during the 1st quarter valued at about $316,000. Institutional investors and hedge funds own 35.72% of the company’s stock.
Gilat Satellite Networks Company Profile
Gilat Satellite Networks Ltd., together with its subsidiaries, provides satellite-based broadband communication solutions in Israel, the United States, Peru, and internationally. It operates in three segments: Satellite Networks, Integrated Solutions, and Network Infrastructure and Services. Its portfolio consists of cloud-based satellite network platform, very small aperture terminals, amplifiers, modems, on-the-move antennas, solid state power amplifiers, block upconverters, transceivers, and defense ground systems and field services.
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